Another Quarter and More Red Ink for PHH Corp. May 8, 2018 Paul Muolo PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."Read More
Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count May 8, 2018 Brandon Ivey and Paul Muolo It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...Read More
New Residential Hires Fortress Executive David Schneider as New CAO May 8, 2018 Paul Muolo Fortress also controls roughly 500,000 shares of New Residential's common stock and holds options on 18.1 million shares. Read More
Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos May 8, 2018 Brandon Ivey Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…Read More
MIAC Offers Up $2.2 Billion of Servicing Rights May 8, 2018 Paul Muolo The seller of the portfolio will provide full representations and warranties.Read More
Short Takes: Ditech Sets Comp Package for New CEO Marano / Share Price Struggles / Two Ditech Directors Take Home the Bacon / GE Sets Aside $1.5B for WMC Settlement / Better Hires CFO May 8, 2018 Paul Muolo Ditech directors – George Awad and Neal Goldman – had pay packages of $573,700 and $553,500, respectively. Read More
Arch Capital CEO Defends IMAGIN Pilot Program May 7, 2018 Carisa Chappell The MI executive said there are a number of misconceptions about the program…Read More
Freddie Now Extending Lines of Credit to Nonbanks. The Collateral: Mortgage Servicing Rights May 7, 2018 Paul Muolo One former Fannie Mae executive was critical of the effort, calling it “mission and charter creep.”Read More
Short Takes: Being in Debt to a GSE, Not So Bad / FHFA Approved the Product / Coming Soon: Large MSR Deals / Wedbush Drops Coverage of Capital One / RIP: Safeguard Founder Robert Klein May 7, 2018 Paul Muolo But before anyone gets too excited, the Federal Housing Finance Agency approved the Freddie initiative…Read More
Origination Profit Margins Stay Ugly. Is Relief on the Way? May 7, 2018 Paul Muolo One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money. Read More
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